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Investment trustees are ‘seriously mismanaging’ funds, UK FCA warns

( April 25, 2023, 09:59 GMT | Official Statement) -- MLex Summary: Unsuitable investments are being made by trustees in the UK, with firms “seriously mismanaging” trusts, the Financial Conduct Authority said today. If a manager of a trust, which refers to a legal arrangement to manage financial and non-financial assets, is not sufficiently competent, the manager might be investing the money in risky or unsuitable assets with no consumer protection in place, the FCA warned.Statement follows...

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